Terry Langis Rehab Deal

Rehab Details

Property City: Riverview
Purchase Price: $70,000
Repair Costs $80,664
Holding Costs: $16,965
Sale Price: $166,000

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.

Case Study

How did you find and structure the financing of this deal?

Self Financed through PLC (secured).

Provide a summary of the repairs and improvements you made to the property.

Outside totally redone, roof, facia, sofit, sidding, windows, decks front & Back and Main Entry Door all new. Inside it was almost a full redo, Kitchen, flooring, new drywall on ceiling, new interior door, new trim, new stair treads & railing, new bathroom upstairs and down, new plumbing, modified electrical, Several walls removed and structural wall opened up, Install HRV, New Heaters and light fixtures.

How did you find a buyer for the property if you sold it?

MLS Sold in 10 days.

What are some of the major lessons learned that you would like to share with other students that they can learn from?

Follow the 6 Critical Doc and do not start the Project until the whole project is quoted! I was to focused on the turn time and started the project by cutting corners and got to busy to follow the system, I was in survival mode.

Shout Outs & Testimonials

We said that we would not do another Rehad until we completed our Rehab Boot Camp. We have Just Finished our Rehab Boot Camp in Orlando ( Aug 2016 ). We are ready and fired up to get back in the game.

Before & After Photos